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First Eagle Funds Buys BK, APA, WY, WRB, CF, Sells CL, K, PG, AIPC

gurufocus

gurufocus

353 followers
This is the Q3 portfolio update of First Eagle Funds. The firm is directed by legendary value investor Jean-Marie Eveillard.

First Eagle Funds are having a good year so far. Their US Value Fund is up 8.55% year-to-date, and the global fund is up 13.38%.

Under the direction of Jean-Marie Eveillard, First Eagle has been heavily invested in gold. They wrote: “gold serves as a potential hedge against unforeseen events. Throught the 1990s and this decade, we grew concerned with the Fed policies dueing Mr. Greenspan’s tenure as chairman. The Fed’s easy money policies were one of the reasons we started our Gold Fund in the fall of 1993 and maintained a position in gold and gold related equities in all of other funds.”

Read the complete report for First Eagle’s discussions of the advantages of Gold.

As of 11/12/2010, First Eagle Investment Management, LLC owns 389 stocks with a total value of $15.8 billion. These are the details of the buys and sells that have the impact to portfolio of more than .1%.

For the details of Jean-Marie Eveillard's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Jean-Marie+Eveillard

Added: Bank Of Ny Mellon Cp (BK)

Jean-Marie Eveillard added to his holdings in Bank Of Ny Mellon Cp by 42183.7%. His purchase prices were between $24.16 and $26.85, with an estimated average price of $25.46. The impact to his portfolio due to this purchase was 1.34%. His holdings were 8,111,280 shares as of 11/12/2010.

Added: Apache Corp. (APA)

Jean-Marie Eveillard added to his holdings in Apache Corp. by 75.96%. His purchase prices were between $82.75 and $98.47, with an estimated average price of $91.95. The impact to his portfolio due to this purchase was 1.21%. His holdings were 4,529,519 shares as of 11/12/2010.

Added: Weyerhaeuser Company (WY)

Jean-Marie Eveillard added to his holdings in Weyerhaeuser Company by 165.56%. His purchase prices were between $15.4 and $40.7224, with an estimated average price of $20.01. The impact to his portfolio due to this purchase was 1%. His holdings were 16,062,847 shares as of 11/12/2010.

Added: Cbs Corp. (CBS)

Jean-Marie Eveillard added to his holdings in Cbs Corp. by 133.87%. His purchase prices were between $12.82 and $16.17, with an estimated average price of $14.62. The impact to his portfolio due to this purchase was 0.53%. His holdings were 9,229,360 shares as of 11/12/2010.

Added: Air Products And Chemicals Inc. (APD)

Jean-Marie Eveillard added to his holdings in Air Products And Chemicals Inc. by 2861.48%. His purchase prices were between $64.97 and $84.2, with an estimated average price of $75.39. The impact to his portfolio due to this purchase was 0.52%. His holdings were 1,036,518 shares as of 11/12/2010.

Added: The Stanley Works (SWK)

Jean-Marie Eveillard added to his holdings in The Stanley Works by 470.41%. His purchase prices were between $49.58 and $61.23, with an estimated average price of $56.39. The impact to his portfolio due to this purchase was 0.48%. His holdings were 1,487,833 shares as of 11/12/2010.

Added: Ford Motor Company (F)

Jean-Marie Eveillard added to his holdings in Ford Motor Company by 797.32%. His purchase prices were between $10.16 and $13.16, with an estimated average price of $12.01. The impact to his portfolio due to this purchase was 0.47%. His holdings were 6,815,755 shares as of 11/12/2010.

Added: Union Pacific Corp. (UNP)

Jean-Marie Eveillard added to his holdings in Union Pacific Corp. by 1791.47%. His purchase prices were between $67.43 and $82.3, with an estimated average price of $75.38. The impact to his portfolio due to this purchase was 0.35%. His holdings were 709,300 shares as of 11/12/2010.

Added: Cenovus Energy Inc (CVE)

Jean-Marie Eveillard added to his holdings in Cenovus Energy Inc by 53.8%. His purchase prices were between $25 and $29.83, with an estimated average price of $27.56. The impact to his portfolio due to this purchase was 0.33%. His holdings were 5,193,339 shares as of 11/12/2010.

Added: Microsoft Corp. (MSFT)

Jean-Marie Eveillard added to his holdings in Microsoft Corp. by 12.56%. His purchase prices were between $23.27 and $26.33, with an estimated average price of $24.82. The impact to his portfolio due to this purchase was 0.26%. His holdings were 15,314,756 shares as of 11/12/2010.

Added: Vulcan Materials Company (VMC)

Jean-Marie Eveillard added to his holdings in Vulcan Materials Company by 29.97%. His purchase prices were between $35.7 and $47.38, with an estimated average price of $40.61. The impact to his portfolio due to this purchase was 0.22%. His holdings were 4,161,038 shares as of 11/12/2010.

Added: Allegheny Energy Inc. (AYE)

Jean-Marie Eveillard added to his holdings in Allegheny Energy Inc. by 22.81%. His purchase prices were between $20.14 and $24.53, with an estimated average price of $22.84. The impact to his portfolio due to this purchase was 0.18%. His holdings were 6,351,672 shares as of 11/12/2010.

Added: Norfolk Southern Corp. (NSC)

Jean-Marie Eveillard added to his holdings in Norfolk Southern Corp. by 8900%. His purchase prices were between $50.5 and $59.88, with an estimated average price of $56.05. The impact to his portfolio due to this purchase was 0.17%. His holdings were 450,000 shares as of 11/12/2010.

Added: Goldman Sachs Group Inc. The (GS)

Jean-Marie Eveillard added to his holdings in Goldman Sachs Group Inc. The by 27649.8%. His purchase prices were between $131.08 and $156.41, with an estimated average price of $146.49. The impact to his portfolio due to this purchase was 0.17%. His holdings were 180,651 shares as of 11/12/2010.

Added: Amphenol Corp. (APH)

Jean-Marie Eveillard added to his holdings in Amphenol Corp. by 33.57%. His purchase prices were between $38.88 and $49.18, with an estimated average price of $44.06. The impact to his portfolio due to this purchase was 0.16%. His holdings were 2,057,112 shares as of 11/12/2010.

Added: Linear Technology Corp. (LLTC)

Jean-Marie Eveillard added to his holdings in Linear Technology Corp. by 11.74%. His purchase prices were between $27.84 and $32.8, with an estimated average price of $30.62. The impact to his portfolio due to this purchase was 0.16%. His holdings were 7,737,963 shares as of 11/12/2010.

Added: Petroleo Brasileiro S.a.petrobras (PBR.A)

Jean-Marie Eveillard added to his holdings in Petroleo Brasileiro S.a.petrobras by 12.08%. His purchase prices were between $28.95 and $33.61, with an estimated average price of $31.39. The impact to his portfolio due to this purchase was 0.16%. His holdings were 7,037,674 shares as of 11/12/2010.

Added: Martin Marietta Materials Inc. (MLM)

Jean-Marie Eveillard added to his holdings in Martin Marietta Materials Inc. by 22.81%. His purchase prices were between $72.61 and $88.4, with an estimated average price of $80.1. The impact to his portfolio due to this purchase was 0.15%. His holdings were 1,713,592 shares as of 11/12/2010.

Added: Anglogold Ashanti Ltd. (AU)

Jean-Marie Eveillard added to his holdings in Anglogold Ashanti Ltd. by 19.78%. His purchase prices were between $39.1 and $46.8, with an estimated average price of $42.64. The impact to his portfolio due to this purchase was 0.15%. His holdings were 3,071,239 shares as of 11/12/2010.

Added: Comcast Corp. (CMCSA)

Jean-Marie Eveillard added to his holdings in Comcast Corp. by 38.01%. His purchase prices were between $17 and $19.56, with an estimated average price of $18.26. The impact to his portfolio due to this purchase was 0.15%. His holdings were 4,832,593 shares as of 11/12/2010.

Added: Goldcorp Inc. (GG)

Jean-Marie Eveillard added to his holdings in Goldcorp Inc. by 17.55%. His purchase prices were between $38.76 and $44.34, with an estimated average price of $41.6. The impact to his portfolio due to this purchase was 0.13%. His holdings were 3,254,620 shares as of 11/12/2010.

Added: Texas Instruments Inc. (TXN)

Jean-Marie Eveillard added to his holdings in Texas Instruments Inc. by 8.35%. His purchase prices were between $23.02 and $27.06, with an estimated average price of $24.83. The impact to his portfolio due to this purchase was 0.13%. His holdings were 9,808,897 shares as of 11/12/2010.

Added: Williams Partners L.p. (WPZ)

Jean-Marie Eveillard added to his holdings in Williams Partners L.p. by 27.76%. His purchase prices were between $41.86 and $47.85, with an estimated average price of $44.16. The impact to his portfolio due to this purchase was 0.13%. His holdings were 2,211,743 shares as of 11/12/2010.

Added: Agnicoeagle Mines Ltd. (AEM)

Jean-Marie Eveillard added to his holdings in Agnicoeagle Mines Ltd. by 51.1%. His purchase prices were between $54.75 and $70.85, with an estimated average price of $61.87. The impact to his portfolio due to this purchase was 0.12%. His holdings were 789,143 shares as of 11/12/2010.

Added: Computer Sciences Corp. (CSC)

Jean-Marie Eveillard added to his holdings in Computer Sciences Corp. by 61.39%. His purchase prices were between $39.81 and $47.01, with an estimated average price of $44.11. The impact to his portfolio due to this purchase was 0.11%. His holdings were 978,660 shares as of 11/12/2010.

New Purchase: W.r. Berkley Corp. (WRB)

Jean-Marie Eveillard initiated holdings in W.r. Berkley Corp.. His purchase prices were between $25.98 and $27.56, with an estimated average price of $26.68. The impact to his portfolio due to this purchase was 0.83%. His holdings were 4,829,735 shares as of 11/12/2010.

New Purchase: Cf Industries Holdings Inc. (CF)

Jean-Marie Eveillard initiated holdings in Cf Industries Holdings Inc.. His purchase prices were between $67.34 and $101.69, with an estimated average price of $86.76. The impact to his portfolio due to this purchase was 0.72%. His holdings were 1,198,901 shares as of 11/12/2010.

New Purchase: Lockheed Martin Corp. (LMT)

Jean-Marie Eveillard initiated holdings in Lockheed Martin Corp.. His purchase prices were between $68.48 and $76.15, with an estimated average price of $72.81. The impact to his portfolio due to this purchase was 0.45%. His holdings were 995,021 shares as of 11/12/2010.

New Purchase: Potash Corp. Of Saskatchewan Inc. (POT)

Jean-Marie Eveillard initiated holdings in Potash Corp. Of Saskatchewan Inc.. His purchase prices were between $84.6 and $150.47, with an estimated average price of $124.33. The impact to his portfolio due to this purchase was 0.44%. His holdings were 484,086 shares as of 11/12/2010.

New Purchase: Tyco Electronics Ltd. (TEL)

Jean-Marie Eveillard initiated holdings in Tyco Electronics Ltd.. His purchase prices were between $24.39 and $29.69, with an estimated average price of $26.54. The impact to his portfolio due to this purchase was 0.39%. His holdings were 2,137,656 shares as of 11/12/2010.

New Purchase: Teekay Corp. (TK)

Jean-Marie Eveillard initiated holdings in Teekay Corp.. His purchase prices were between $24.02 and $28.98, with an estimated average price of $26.57. The impact to his portfolio due to this purchase was 0.16%. His holdings were 945,590 shares as of 11/12/2010.

New Purchase: Celanese Corp. Series A (CE)

Jean-Marie Eveillard initiated holdings in Celanese Corp. Series A. His purchase prices were between $23.84 and $32.94, with an estimated average price of $28.35. The impact to his portfolio due to this purchase was 0.15%. His holdings were 750,000 shares as of 11/12/2010.

Reduced: Willis Group Holdings Ltd. (WSH)

Jean-Marie Eveillard reduced to his holdings in Willis Group Holdings Ltd. by 42.26%. His sale prices were between $29.04 and $32.1, with an estimated average price of $30.79. The impact to his portfolio due to this sale was -0.66%. Jean-Marie Eveillard still held 4,634,992 shares as of 11/12/2010.

Reduced: Rayonier Inc. (RYN)

Jean-Marie Eveillard reduced to his holdings in Rayonier Inc. by 30.37%. His sale prices were between $43.5 and $50.75, with an estimated average price of $48.07. The impact to his portfolio due to this sale was -0.58%. Jean-Marie Eveillard still held 4,189,516 shares as of 11/12/2010.

Reduced: Airgas Inc. (ARG)

Jean-Marie Eveillard reduced to his holdings in Airgas Inc. by 91.6%. His sale prices were between $62.57 and $68.04, with an estimated average price of $65.82. The impact to his portfolio due to this sale was -0.33%. Jean-Marie Eveillard still held 60,000 shares as of 11/12/2010.

Reduced: Pactiv Corp. (PTV)

Jean-Marie Eveillard reduced to his holdings in Pactiv Corp. by 84.17%. His sale prices were between $28.2 and $32.95, with an estimated average price of $31.25. The impact to his portfolio due to this sale was -0.32%. Jean-Marie Eveillard still held 300,000 shares as of 11/12/2010.

Reduced: The Williams Companies Inc. (WMB)

Jean-Marie Eveillard reduced to his holdings in The Williams Companies Inc. by 60.93%. His sale prices were between $17.67 and $20.84, with an estimated average price of $19.15. The impact to his portfolio due to this sale was -0.31%. Jean-Marie Eveillard still held 1,625,000 shares as of 11/12/2010.

Reduced: United States Oil Fund, Lp (USO)

Jean-Marie Eveillard reduced to his holdings in United States Oil Fund, Lp by 96.77%. His sale prices were between $31.77 and $36.91, with an estimated average price of $33.96. The impact to his portfolio due to this sale was -0.3%. Jean-Marie Eveillard still held 25,000 shares as of 11/12/2010.

Reduced: Occidental Petroleum Corp. (OXY)

Jean-Marie Eveillard reduced to his holdings in Occidental Petroleum Corp. by 24.43%. His sale prices were between $72.23 and $82.92, with an estimated average price of $77.66. The impact to his portfolio due to this sale was -0.23%. Jean-Marie Eveillard still held 1,448,389 shares as of 11/12/2010.

Reduced: Costco Wholesale Corp. (COST)

Jean-Marie Eveillard reduced to his holdings in Costco Wholesale Corp. by 29.73%. His sale prices were between $53.61 and $65, with an estimated average price of $57.53. The impact to his portfolio due to this sale was -0.22%. Jean-Marie Eveillard still held 1,295,559 shares as of 11/12/2010.

Reduced: Directv Group Inc. The (DTV)

Jean-Marie Eveillard reduced to his holdings in Directv Group Inc. The by 80.85%. His sale prices were between $33.64 and $41.99, with an estimated average price of $38.34. The impact to his portfolio due to this sale was -0.21%. Jean-Marie Eveillard still held 185,294 shares as of 11/12/2010.

Reduced: Biogen Idec Inc (BIIB)

Jean-Marie Eveillard reduced to his holdings in Biogen Idec Inc by 84.52%. His sale prices were between $48.38 and $58.42, with an estimated average price of $55.35. The impact to his portfolio due to this sale was -0.11%. Jean-Marie Eveillard still held 70,050 shares as of 11/12/2010.

Sold Out: Colgatepalmolive Company (CL)

Jean-Marie Eveillard sold out his holdings in Colgatepalmolive Company. His sale prices were between $73.84 and $84.59, with an estimated average price of $78.29.

Sold Out: Kellogg Company (K)

Jean-Marie Eveillard sold out his holdings in Kellogg Company. His sale prices were between $47.98 and $52.48, with an estimated average price of $50.72.

Sold Out: The Procter & Gamble Company (PG)

Jean-Marie Eveillard sold out his holdings in The Procter & Gamble Company. His sale prices were between $59.34 and $63.08, with an estimated average price of $60.84.

Sold Out: American Italian Pasta Company (AIPC)

Jean-Marie Eveillard sold out his holdings in American Italian Pasta Company. His sale prices were between $52.87 and $53.01, with an estimated average price of $52.95.

Sold Out: Wabco Holdings Inc. (WBC)

Jean-Marie Eveillard sold out his holdings in Wabco Holdings Inc.. His sale prices were between $31.31 and $42.77, with an estimated average price of $37.78.

Sold Out: L1 Identity Solutions Inc. (ID)

Jean-Marie Eveillard sold out his holdings in L1 Identity Solutions Inc.. His sale prices were between $7.21 and $11.75, with an estimated average price of $9.09.

Sold Out: Cybersource Corp. (CYBS)

Jean-Marie Eveillard sold out his holdings in Cybersource Corp.. His sale prices were between $25.47 and $26, with an estimated average price of $25.85.

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gurufocus
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